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Odessa Minerals Limited (ASX:ODE)

ALERT: Price-sensitive ASX Announcement for ODE
Current share price for ODE : $0.022 0.002 (7.50%)+
Announcement
Release
30 Jul 2026 9:13AM
Price at Release
$0.020
Full Release
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Summary
Odessa Minerals Limited reported its quarterly activities and cash flow for the quarter ending 30 June 2026. The company focused on exploration activities at the Lyndon and Lockier Range Projects in Western Australia, collecting rock chip samples and planning a 10,000m air-core drilling program. Significant highlights include the collection of 93 samples at the Mt Yaragner REE target, confirming potential carbonatite hosted REE mineralisation, and 200 samples at Lyndon Project indicating base metal anomalism. Odessa successfully raised $2.65 million through a placement of shares, enhancing its financial position with $3.6 million in cash at the end of the quarter. This funding supports ongoing project evaluations and acquisition opportunities. The company appointed Sam Brooks as a Non-Executive Director, bringing substantial exploration and corporate development experience.
Key Points
  • 93 rock chip samples collected at Mt Yaragner REE target.
  • 200 rock chip samples collected at Lyndon Project.
  • Planning a 10,000m air-core drilling program.
  • Successful $2.65 million placement completed.
  • Cash balance of $3.6 million at quarter end.
  • Sam Brooks appointed as Non-Executive Director.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.